DiamondRock Hospitality Sale of Westin Washington, D.C. City Center

Deal value: $92,000,000

Sale of the 410-room Westin Washington, D.C. City Center, a full-service hotel in downtown Washington, D.C.

DiamondRock’s sale of the Westin Washington, D.C. City Center is driven by a strategy to optimize portfolio performance and unlock capital for higher-growth opportunities. The transaction reflects a belief that urban, full-service hotel assets in recovering markets can command premium pricing, allowing the seller to redeploy proceeds into assets with stronger cash flow prospects or development upside. Timing aligns with increased investor appetite for mid-sized urban deals and a rebound in corporate travel, enhancing liquidity and portfolio repositioning.